Toyota Motor June-quarter profit beats estimates — but drops 11% as U.S. tariffs bite

Toyota engine On Thursday, although the world’s largest automobile company is engaged in US tariffs by sales volumes, it reported a higher activity profit than expected for June.

Toyota’s results compared with average estimates from LSEG:

• Income: 12.25 trillion yen and 12.19 trillion yen
• Business profit: 1.17 trillion yen and 881.41 billion yen

However, the operating profit for the quarter fell by 11% Annual. This is Toyota’s decline in Toyota’s three -month -old business profit.

The net income attributed to the company fell by 841.3 billion% with a decrease of 37%.

Toyota received strong global demand. Car manufacturer last week worldwide record report In the first half of the year.

Japanese automobile manufacturers, President Donald Trump’s 25% tariffs on imported vehicles in April after entering into force in the United States to protect the market share in the United States.

In June, although automobile export volumes to the US increased by 4.6% in the same period, the value of Japan’s automobile exports to the United States fell by 25.3% from year to year. Data from the Japan Ministry of Trade.

However, Trump is expected to decrease to 15%with Tokyo last month, but the change of time remains uncertain.

Automatic exports to the USA is the cornerstone of the Japanese economy and in 2024, it constitutes approximately 24% of global automobile posts, Japan’s customs data shown.